Eritrea: Terms of trade

* indicates monthly or quarterly data series
 Eritrea

Terms of trade, base year = 2000

 Latest value 106.48
 Year 2021
 Measure percent
 Data availability 1992 - 2021
 Average 97.91
 Min - Max 87.04 - 108.45
 Source The United Nations
For that indicator, we provide data for Eritrea from 1992 to 2021. The average value for Eritrea during that period was 97.91 percent with a minimum of 87.04 percent in 2004 and a maximum of 108.45 percent in 2017. The latest value from 2021 is 106.48 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Eritrea - Terms of trade - Recent values chart

Historical chart
Eritrea - Terms of trade - historical chart - 1992-2021




The terms of trade for Eritrea are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.

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 Related indicators Latest value Reference Measure
 Terms of trade 106.48 2021 percent
 Trade openness 47.39 2011 percent
 Financial openness -1.931 2021 index points
 Exports, percent of GDP 18.15 2011 percent
 Exports, billion dollars 0.37 2011 billion U.S. dollars
 Growth of exports 575.74 2011 percent
 Imports, percent of GDP 29.24 2011 percent
 Imports, billion dollars 0.60 2011 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.89 2011 percent
 Foreign Direct Investment, billion dollars -0.03 2022 billion U.S. dollars
 Current account, percent of GDP 14.10 2023 percent
 Current account, in dollars -0.10 2000 billion U.S. dollars
 Trade balance, percent of GDP -11.08 2011 percent
 Trade balance, in dollars -0.40 2000 billion U.S. dollars
 Reserves 0.19 2019 billion U.S. dollars
 Remittances, percent of GDP 0.47 2000 percent
 Remittances 3.28 2000 million U.S. dollars
 Net errors and omissions -22.87 2000 million USD
 External debt 51.48 2011 percent
 Short-term external debt 5.63 2022 percent
 Short-term debt to reserves 17.05 2019 percent
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